China’s Premier Li Qiang has promised that China will actively work to keep global supply chains stable and efficient. At a recent meeting in Beijing, he talked with leaders from big companies like Apple, mining giant Rio Tinto, battery maker Contemporary Amperex Technology, and the US-China Business Council.
These business leaders expressed strong confidence in China’s economy and are excited about the huge potential of China’s market. They plan to invest more and expand their operations in China. Their goal is to work together on global supply chains, which will benefit everyone involved.
Premier Li explained that over the past few decades, global supply chains have helped economies grow rapidly around the world. However, he pointed out that some countries are adopting protectionist policies and focusing too much on security concerns. This is hurting global supply chains, making things more expensive for companies, slowing down economic progress, and affecting shared development.
He urged countries and companies to join forces to keep supply chains open and efficient. Li assured that China is experiencing steady economic growth and plans to continue supporting global supply chains. He said China will build a modern industrial system and boost innovation by combining science, technology, and industry.
China is committed to opening up its markets even more and invites foreign businesses to collaborate. Premier Li hopes that companies around the world will support economic globalization, deepen international cooperation, and work together to make supply chains more dynamic, resilient, and efficient.
This commitment from China is significant for young people in the Global South because stable global supply chains can lead to more job opportunities, better access to products, and overall economic growth in developing countries.
Reference(s):
China pledges to ensure stability of global industrial, supply chains
cgtn.com
